Tenaris to acquire Bredero Shaw International from Mattr for $166m.

Tenaris, a steel pipes manufacturer, agreed to acquire Bredero Shaw International, a pipe coating solutions provider, from Mattr, a Canadian materials technology company, for $166m. "The business being acquired includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE and the US, and several mobile concrete plants. The business also includes world-class R&D facilities in Toronto and Norway and a wide IP/product portfolio," Tenaris.